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Was Snowflake a Spac?

Robert Thorne • Oct 9, 2026 • 6 min read

Was Snowflake a Spac?

SPAC stocks are under-hyped

All this hype is one reason the Snowflake (NYSE:SNOW) IPO jumped from $80 a share to $120 even before shares started trading on the public markets. And then the first trade was for $245 a share.

Was Snowflake a direct listing?

By selling its shares for $120 per share, Snowflake made $4.4 billion in the offering. Some argue the company could have made more had it done a direct listing, which removes the underwriters from the process and has existing shareholders sell their shares directly to the market.

Is Snowflake owned by Salesforce?

Investment company Salesforce Com Inc (Current Portfolio) buys Snowflake Inc during the 3-months ended 2020Q3, according to the most recent filings of the investment company, Salesforce Com Inc. As of 2020Q3, Salesforce Com Inc owns 2 stocks with a total value of $531 million.

Author

Robert Thorne

Robert Thorne covers electric vehicle innovations, autonomous driving systems, global mobility trends, and automotive engineering developments.